Shore Capital Partners has formed Guidant Power as a new electrical safety platform and has acquired its first two businesses with the buys of Rozel Electrical Safety Consultants and BCH Safety.
Rozel provides arc flash and NFPA 70E-related engineering and training services. NFPA 70E, more commonly referred to as the National Electrical Code and published by the National Fire Protection Association, is a widely adopted standard in the United States and serves as a reference for electrical design, installation, and inspection to protect people and property from electrical hazards.
Rozel was founded in 2010 by Jeff Kershner and Adam Brooks and is headquartered northwest of Orlando in Ocala, Florida.
“Shore is excited to welcome Rozel and its co-founders, Jeff Kershner and Adam Brooks, as the first partner for Guidant Power. Jeff and Adam have established a top-tier business in arc flash services and training, earning an outstanding reputation with their well-known clients,” said Scott Luby, a vice president at Shore Capital and member of Guidant’s board of directors. “Having partnered with nearly 1,000 owners since 2009, Shore Capital’s network, resources, and proven processes enable leaders like Jeff and Adam to accelerate growth and participate in building a national platform servicing North America’s blue-chip companies.”
BCH Safety specializes in electrical safety training, focusing on compliance with OSHA and NFPA 70E standards. The company’s services include arc flash hazard evaluations, personal protective equipment (PPE) assessments, and electrical safety program development. The company provides several different training formats, including onsite training, offsite seminars, live virtual classrooms, and online on-demand courses. The Cleveland-headquartered company was founded in 2015 by Brian Hall, the company’s president and lead electrical instructor.
With the close of these acquisitions, Guidant Power is now a provider of electrical safety, reliability, and training services to companies across North America. Guidant specializes in arc flash assessments and mitigation studies to help identify and reduce risks associated with electrical hazards. The company’s portfolio of training products includes various programs, such as electrical safety training, essential electrical skills development, and train-the-trainer programs.
Typical customers of Chicago-headquartered Guidant are large companies operating in the manufacturing, utility, energy, industrial processing, healthcare, and commercial real estate sectors. These sectors are subject to stringent regulatory requirements and operational risks, making electrical safety assessments, training, and mitigation a priority.
Leading Guidant as its CEO is Paul Decker. Before joining Guidant, Mr. Decker was the CEO of ABP Induction, a producer of induction furnaces and heating systems used in the metallurgical industry. ABP was a portfolio company of Chicago-based CM Acquisitions that was sold to Mitsubishi Heavy Industries in 2019. Earlier in his career, he was the president of the Life Safety division of publicly traded Advanced Technology Materials (ATMI). This division included MST Analytics, a provider of gas monitoring systems used in the semiconductor fabrication and chemical sectors.
“I am excited to partner with Shore, Rozel, BCH, and our extraordinary board of directors to launch Guidant Power,” said Mr. Decker. “We are on a mission to create the premier national provider of electrical services focused on safety, reliability, and training. I can’t wait to collaborate with the leaders of North America’s best electrical service and training companies as they join Guidant to help drive this vision forward.”
“The electrical safety services and training sector is a key focus of Shore’s industrial services strategy. We are excited to kick off our platform with Jeff, Adam, Brian, Paul, and Guidant Power, and we are eager to partner with business leaders who share our values and vision for growth,” added Dan Spradling, a partner at Shore Capital and a member of Guidant’s board of directors.
Shore Capital invests in lower middle-market healthcare, food and beverage, business services, industrial, and real estate-related companies with $5 million to $100 million in revenue and $1 million to $10 million in EBITDA. Shore Capital is headquartered in Chicago, with an additional office in Nashville.
© 2024 Private Equity Professional | September 13, 2024
